Galaxy Magnesium and Panoz Racing Preview
Magnesium-Intensive Technology at the SRO Race in Milwaukee
NEW YORK – August 21, 2020 – Galaxy Magnesium – the world’s premiere mine-to-customer source of superior quality and cost-effective magnesium – has partnered with Panoz Racing to usher in a new era in lightweight, safe, high-performance vehicle technology. Panoz has been a regular competitor in SRO Motorsports Group competitions over the last three years and has multiple team manufacturer and driver championship titles under its belt.
This year, the focus shifts from pure competition as a manufacturer to using racing as a demonstration platform for vehicle lightweighting through the latest generation magnesium alloys formulated for the transportation industry. Panoz is integrating the compound into its two Avezzano vehicles as its team takes on other teams from GMG Racing, NOLASPORT, Bsport Racing, Rearden Racing, TRG LaSalle Solutions, Stephen Cameron Racing, Flying Lizard Motorsports, CCR Team TFB, BMW, ST Racing, RS1, Andretti Autosport, BGB Motorsports, Marco Polo Motorsports, Compass Racing and Bimmerworld, driving cars from manufacturers Porsche, Aston Martin, KTM, Mercedes, BMW, McLaren and Panoz on the Road America racetrack.
Dan Panoz, founder, designer, engineer and car-builder – Panoz Racing
Michael North, president – Galaxy Magnesium
Expanding Industry Support.
Galaxy Magnesium recently secured a round of private investment from Wisdom Capital, a New York-based private equity firm, to position itself as the world’s largest mine-to-customer source. Wisdom boasts a 32-year history in the retail automotive business and operates some of the most successful dealerships in the New York area.
“We are investing in Galaxy Magnesium, with a base in our hometown of New York City – as well as in Detroit and in the American auto industry. We are creating efficient global markets for magnesium so that automakers can confidently design their future cars around it. We are proud to play a part in the most trusted, direct source of commercialized magnesium in the world, in addition to the first-ever magnesium marketplace/exchange. We look forward to seeing it all in action with Panoz race cars in Wisconsin.”
Galaxy Retains DRIVEN360 As Global Agency of Record + The Birth of a Powerhouse Brand.
Galaxy Magnesium is pleased to announce that DRIVEN360 has been selected as Agency of Record – responsible for the management of strategic, brand and corporate communications for all Galaxy enterprises, worldwide.
Roaring Engines, Summer Heat
The SRO event, “Pirelli GT4 America,” will take place on August 29 and 30 and features two 90-minute races at the world-famous Road America Raceway in the heart of Wisconsin, about 20 miles north of Milwaukee. The thrilling race is closed to the public for public health reasons, but will be broadcast live at https://www.gt4-america.com/live.
About Galaxy Magnesium
Galaxy is the world’s premiere direct source of magnesium, revolutionizing entire industries with light, strong, versatile, durable and green magnesium – superior in many ways to steel or aluminum alloys. An international company based in the United States, Galaxy is streamlining global supply chains, offering custom alloys for unparalleled performance and delivering “Galaxy Guarantee” — all-inclusive pricing, direct from the most productive mines in the world. From automotive, aerospace, energy and construction to pharmaceuticals, Galaxy Magnesium is paving the way to a lightweight future through reasonable, stable cost, guaranteed quality commercial magnesium. With offices in New York, Atlanta, Geneva, Honolulu and Xi’an, Beijing and Shanghai, Galaxy is well positioned to responsively serve global markets. Join the #MagnesiumRevolution by visiting www.GalaxyMagnesium.com and following us on LinkedIn.
About Panoz Engineering and Panoz Racing
Panoz Engineering and Panoz Racing, based in Hoschton, Georgia, has been a Small Volume Auto Manufacturer and a prolific competitor in motorsports for more than 25 years. As a manufacturer, Panoz sports cars led a wave of innovation in vehicle lightweighting, focused on modular aluminum-intensive vehicles. In motorsports Panoz is an engineer, builder and proven winner in Le Mans prototype classes, Indy Car, GT2, GT4 and Trans Am as well as various spec type race cars and Deltawing technologies. The current effort with the SRO will be another game changer, as Panoz applies its deep experience with aluminum to magnesium alloys. Panoz and Galaxy will execute the racing program with a transparent protocol: sharing magnesium alloy material and manufacturing technologies openly as a platform for vehicle lightweighting.
For more information about Galaxy Magnesium and Panoz Racing, or to schedule a media interview/analyst briefing with executives, please contact Galaxy@goDRIVEN360.com or call 310.374.6177.
Contact: Galaxy Magnesium